Mr. J. Patricio Varas reports
SAGE POTASH ANNOUNCES SECOND FINANCING UPSIZE TO $12 MILLION
Due to continued and significant investor interest, Sage Potash Corp. has further upsized its previously announced non-brokered private placement from $10-million to $12-million.
The offering will consist of up to 60 million units of the company at a price of 20 cents per unit, with each unit comprising one common share in the capital of the company and one non-transferable common share purchase warrant. Each warrant will be exercisable to purchase one common share at a price of 30 cents for a period of three years from the date of closing of the offering. All securities issued under the offering will be subject to a hold period of four months and one day from the date of issuance under applicable securities laws.
Proceeds of the offering will be used primarily to commence the work necessary to carry out key recommendations made by internationally recognized engineering firm Respec LLC in the company's recently filed preliminary economic assessment (see Nov. 6, 2025, news release), including drilling of a stratigraphic hole, drill core analysis and testing, and engineering review. The proceeds will also be used for working capital and for general and administrative expense purposes.
The company may pay finders' fees in cash and/or securities of the company in connection with the offering.
Closing of the offering is subject to TSX Venture Exchange acceptance.
About Sage Potash Corp.
Sage Potash is dedicated to the development of its flagship Sage Plain potash project, located in the Paradox basin, Utah. With a large and high-grade resource base, the company is advancing toward its goal of establishing a secure and sustainable domestic potash production platform in the United States. Sage Potash is committed to food security, environmental stewardship, and creating value for shareholders and stakeholders alike.
We seek Safe Harbor.
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